Treasury sets new $5 bln support program for auto suppliers

WASHINGTON (MarketWatch) -- The Treasury Department announced Thursday the launch of a new $5 billion program to help stabilize the auto supply base. Auto parts suppliers have seen their credit dry up given the growing uncertainty facing the industry. The plan will help the companies meet payrolls and cover expenses and while giving domestic auto companies access to parts, the department said. Suppliers will be able to sell their receivables into the program at a modest discount.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.